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Although this suspension has since been lifted, gaming has only returned on a limited basis and it remains unclear how long these limitations will last. The organization purportedly pronounced that this wane was prefaced by six years in which this lottery’s total receipts grew by only 4.According to a report from The News-Gazette newspaper, this is the determination of the Commission on Government Forecasting and Accountability (CoGFA) with the biggest comparative decrease in combined receipts at 30% witnessed by the Midwestern state’s collection of ten riverboat casinos....
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Enduring experience:Even before the emergence of coronavirus and the investigation from CoGFA reportedly detailed that the casino industry in Illinois had been in decline with aggregated adjusted gross receipts having dropped by 42.”Immediate intrusion:The News-Gazette reported that CoGFA’s examination moreover determined that tax revenues from sportsbetting in Illinois were virtually non-existent for the period covered due to the fact that the activity was legalized only a few months before the pandemic shut down or delayed a host of major sporting tournaments.”...
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Reportedly read a statement from CoGFA…“This decline is in large part due to the suspension of video gaming and casino operations between March 16 and June 30, which thereby prevented any revenues from being generated from these sources during this time period.”5% since 2012....
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